NATIONAL GRID PLC-SP ADR (NGG) Stock Technical Analysis
NYSE:NGG - New York Stock Exchange, Inc. - US6362744095 - ADR - Currency: USD
Taking everything into account, NGG scores 3 out of 10 in our technical rating. NGG has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month NGG has a been trading in the 69.47 - 74.35 range, which is quite wide. It is currently trading near the lows of this range.
NGG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NGG is lagging the market slightly.
NGG has an average volume of 1042820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, NGG outperforms 46% of them, which is more or less in line with the market.
NGG is an average performer in the Multi-Utilities industry, it outperforms 58% of 25 stocks in the same industry.
The technical rating of NGG is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
55.44
75.54
3 important support areas can be observed.
- A support zone ranging from 70.18 to 70.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.12 from a horizontal line in the daily time frame.
- Support @56.00 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 70.70 to 72.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.35 to 74.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NGG is down. |
| ChartMill Relative Strength | 46.37 | NEUTRAL | NGG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NGG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.5 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests NGG has a negative trend. |
| Stochastics (14,3) | 13.38 | OVERSOLD | The low Stochastics value suggests NGG may be oversold. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 14.78 | NEGATIVE | The low ADX value for NGG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
70.39
+0.2 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.28%
1 Week-3.39%
2 Weeks-0.97%
1 Month-5.63%
3 Month-2.08%
6 Month14.32%
12 Month7.85%
2 Year4.17%
3 Year0.83%
5 Year18.74%
10 Year-3.42%
15 Year58.55%
Volatility
ATR(14)1.07
ATR(20)%1.74%
ATR Inc-22.82%
Range Today0.7
ADR(20)0.82
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.37
Mansfield-0.26
10 Day High74.35
10 Day Low69.85
20 Day High74.35
20 Day Low69.47
52 Week High74.82
52 Week Low55.82
CS1 End70.18
CR1 Start70.7
Volume & EV
DER(3)-0.17%
DER(5)1.42%
Volume710.55K
Volume Incr12.4%
Vol(5)1.05M
Vol(50)1.04M